StockMarketWire.com - Triad Group's FY pretax profit more than halved to £11,000, from £28,000. Revenue was £19.7m, from £18.9m. The prior year's period benefitted from a £0.2m exceptional administrative credit.
"The Group's results for the financial year ended 31 March 2014 constitute a solid performance, with the second half of the year significantly stronger than the first. Our key performance indicators show improvement versus last year, with gross profit and the gross profit percentage improving on an increased revenue base," said executive chairman John Rigg in statement.
The Group has now successfully integrated its service offering across Consulting & Solutions and Resourcing, enabling clients to access the full spectrum of Triad's capability more easily and efficiently.
"This has generated particular benefits via the Government's G-cloud framework, including significant orders from The Ministry of Justice and The Home Office in addition to a number of contracts with other departments and agencies. Beyond Government, clients in the commercial sector are also benefiting from our integrated service."
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